NEW Price/Owner Carry on 30yr old Wholesale Seed Op.... $1.5M!!!

Kingfisher County, OK

Seller Financing Available
Seed Storage

Asking Price:$1,500,000

Cash Flow:$500,000

Gross Revenue:$3,000,000

EBITDA:$350,000

FF&E:$400,000

Inventory:$100,000*

Real Estate:$1,500,000*

Established:1975

*not included in asking price.

NEW Price/Owner Carry on 30yr old Wholesale Seed Op.... $1.5M!!!

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Business Description

NEW PRICE!!! "Bumper Crop" this year for a profitable, established 40 year old wholesale seed and seed cleaning operation located in Oklahoma. Business works mainly with regional farmers purchasing their Mung Bean, rye seed and related forage seed, then cleaning/fumigating and re-selling it. Business has proprietary rye seed formula and exclusive long term export relationship/contracts with several Chinese and South Korea purchasers. The Company has grown an average of 15% annually and has been profitable every year. The growth potential is tremendous as the plant is operating at less than capacity. Owner has identified at least two new growth opportunities for both rye seed as forage for large game preserves in the South and "Mung Beans" for edible usage in domestic and Asian markets. Business nets approx $450K and is priced at $1.5 Million There is currently $100K in inventory on hand which is negotiable for purchase as well. Real estate is appraised at $1.5M and is also available for purchase or lease-purchase. Owner will finance/carry up to 60% for right buyer(s)! Call Jay Shrewder today for more information at: 918-230-9813

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
45000 sq ft of building including grain/seed storage silos, seed cleaning/fumigating equipment w/new hulling machine and bagging production facility and warehouse situated on 3 acres
Competition:
40 yr old operation has little no competition in the region.
Growth & Expansion:
Growth potential is substantial for main seed exports to China and S Korea with several other ops in the region.
Financing:
60%
Support & Training:
Owner will stay on for 6 months or more to ensure transition. The is a seasoned manager and 20yr+ foreman that will stay on as well. The owner will also provide consulting and support for maintenance of lucrative export contracts
Reason for Selling:
retirement

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Jay Shrewder

Business Listed By:
Jay Shrewder

Global Business Brokers LLC

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